Practice Management

Private equity-backed law firm Nelsons has completed its second acquisition in a month as it looks to keep on growing, while Mayo Wynne Baxter has unveiled a deal too.

A law firm which became 100% employee-owned a year ago has brought in an accountant to explain the firm’s finances to staff, who have so far received two tax-free bonus payments.

Artificial intelligence poses “a medium to long-term” risk to legal careers, the chair of a new City of London Law Society committee on it has predicted.

Only a third of clients believe large law firms are genuinely committed to environmental, social and governance issues, a report has found.

The increasing extent to which clients are being screened against environmental, social and governance issues was laid out at a Law Society conference last week.

A Yorkshire law firm has introduced a ‘tailored equity’ scheme to act as a “stepping stone” between being a salaried partner and full equity.

None of the top 100 law firms are “actively pursuing alternative funding or ownership structures”, such as listing on Stock Exchange, for the next three to five years, a survey has found.

Smaller commercial law firms in the City of London are pushing for short leases to give them more flexibility, while big firms signed five “mega-deals” on new offices last year.

Setfords has become what it believes is the first law firm to launch two mentoring schemes aimed at aspiring and qualified Black lawyers respectively.

A solicitor campaigning for statutory leave for those suffering baby loss has teamed up with a training company run by barristers to create an online platform to help people returning to work afterwards.